Amazon.com Stock Analysis
Technical stock analysis for Wed 12'th Dec 2018
|Cash||30 986.0 mill|
Amazon.com gained 1.24% in the last trading day, rising from $1 643.24 to $1 663.54 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 5.19% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.50 million more shares were traded than the day before. In total, 6.53 million shares bought and sold for approximately $10 864.50 million.
Amazon.com lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1 731.67 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -19.54% during the next 3 months and, with 90% probability hold a price between $1 073.15 and $1 393.30 at the end of this period.
Amazon.com holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $1 673.84. On a fall, the stock will find some support from the long-term average at approximately $1 639.35. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Friday December 07, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 65 and the stock is currently not being overbought or oversold
Support & Resistance
Amazon.com finds support from accumulated volume at $1 642.81.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $44.72 between high and low, or 2.69%. For the last week, the stock has had a daily average volatility of 4.40%.
Our recommended stoploss: $1.00 (-5.49%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
Very Low Low Medium High Very High
Amazon.com holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
|AMZN $1 663.54 $20.30(1.24%)|
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